Asked by
Eskander Kian Ben Aissa
on Nov 30, 2024Verified
Fast food chains often behave like
A) cartels.
B) covert colluders.
C) open colluders.
D) cutthroat competitors.
Fast Food Chains
A series of restaurants offering quick service and a menu of fast food cuisine spread across multiple locations.
Cartels
Associations of independent businesses or countries that work together to control prices and limit competition within an industry or commodity market.
Colluders
Parties that engage in a secret agreement, often illegal, to limit open competition by deceiving, misleading, or defrauding others of their legal rights.
- Learn the definitions and examples of market terminologies and measurements, like cutthroat competition and collusion.
Verified Answer
NR
Learning Objectives
- Learn the definitions and examples of market terminologies and measurements, like cutthroat competition and collusion.